In the greater Lake Tahoe region, the Incline Village-Crystal Bay, Nevada submarket was a bright spot for Sierra Sotheby's International Realty in 2015.
With normal winter snowfall returning to Tahoe and tourism picking up this year, demand for luxury homes may only increase once the spring selling season begins.
Incline Village currently has a lack of luxury, lakefront inventory, which is beneficial to sellers of homes valued at more than $3 million. However, the lack of inventory in the upper price range will also make things harder on sellers looking to list older homes built in the 70s and 80s.
A recent Sierra Sotheby's market update stated there were only 13 lakefront homes listed on the MLS, which range in price from $2.7 million to $39.8 million. This inventory figure includes both direct lakefront homes and share HOA lake frontage. Additionally, there are only six lakefront condos in the MLS. These residences range from $975,000 to $4.1 million.
According to Le...